KLP Kapitalforvaltning AS Takes $12.95 Million Position in Ford Motor (NYSE:F)

KLP Kapitalforvaltning AS bought a new position in shares of Ford Motor (NYSE:F - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,308,313 shares of the auto manufacturer's stock, valued at approximately $12,952,000.

A number of other hedge funds also recently made changes to their positions in F. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor in the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new stake in Ford Motor during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor in the fourth quarter valued at about $30,000. Kentucky Trust Co purchased a new stake in Ford Motor during the 4th quarter valued at approximately $31,000. Finally, Crewe Advisors LLC increased its holdings in Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock valued at $33,000 after acquiring an additional 2,068 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada cut their target price on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Barclays lowered shares of Ford Motor from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. BNP Paribas upgraded Ford Motor to a "hold" rating in a research note on Monday, February 10th. Wolfe Research restated an "underperform" rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $13.00 to $11.00 and set an "overweight" rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $11.37.

Remove Ads

Ford Motor Price Performance

Shares of Ford Motor stock traded down $0.39 during trading on Thursday, reaching $9.92. 228,811,522 shares of the company's stock were exchanged, compared to its average volume of 63,354,413. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market cap of $39.30 billion, a P/E ratio of 6.79, a PEG ratio of 0.61 and a beta of 1.59. The firm's 50-day moving average price is $9.76 and its 200 day moving average price is $10.29.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.05%. Ford Motor's dividend payout ratio (DPR) is currently 41.10%.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.